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CONTINUING DISCLOSURE INFORMATION FOR
<br />CITY OF PARIS, TEXAS
<br />UNAUDITED
<br />ASSESSED VALUATION
<br />$ 405,000
<br />TABLE 1
<br />2021-2022 Actual Market Value of Taxable Property (100% of Actual)
<br />General Obligation Bonds, Series 2013
<br />$ 3,180,380,294
<br />Less Exemptions:
<br />6,900,000
<br />General Obligation Bonds, Series 2017
<br />Local, Optional Over -65 and/or Disabled Homestead Exemptions
<br />$ 45,303,916
<br />995,000
<br />Disabled and Deceased Veterans' Exemptions
<br />12,132,564
<br />General Obligation Refunding Bonds, Series 2020
<br />Productivity Loss
<br />19,992,060
<br />955,000
<br />Personal Use of Business Vehicle
<br />303,980
<br />Total Gross General Obligation Debt Principal Outstanding:
<br />Freeport
<br />91,612,816
<br />1,272,171
<br />Pollution Control / Solar
<br />62,080,048
<br />4.55%
<br />Abatement Loss
<br />259,158,157
<br />0.62%
<br />Cap Loss (10%)
<br />79,061,864
<br />2,049,030,824
<br />Historical 1 Other
<br />21,125,710
<br />24,476
<br />Totally Exempt Property
<br />361,607,606
<br />83,716
<br />Total Exemptions
<br />$
<br />952,378,721
<br />2021-2022 Net Taxable Assessed Valuation
<br />$
<br />2,228,001,573
<br />Frozen Taxable Value and Transfer Adjustment
<br />(178,970,749)
<br />Freeze Adjusted Net Taxable Assessed Valuation
<br />$ 2,049,030,824
<br />Source: Lamar County Appraisal District and the Issuer.
<br />GENERAL OBLIGATION BONDED DEBT PRINCIPAL
<br />TABLE 2
<br />General Obligation Debt Principal Outstanding: (As of September 30, 2021)
<br />General Obligation Refunding Bonds, Series 2012
<br />$ 405,000
<br />Combination Tax and Revenue Certificates of Obligation, Series 2013 (TWDB)
<br />1,710,000
<br />General Obligation Bonds, Series 2013
<br />27,065,000
<br />General Obligation Bonds, Series 2016
<br />6,900,000
<br />General Obligation Bonds, Series 2017
<br />8,200,000
<br />General Obligation Bonds, Series 2018
<br />995,000
<br />Combination Tax and Surplus Revenue Certificates of Obligation, Series 2020
<br />1,365,000
<br />General Obligation Refunding Bonds, Series 2020
<br />1,765,000
<br />Tax Notes, Series 2020
<br />955,000
<br />Tax and Revenue Certificates of Obligation, Series 2021
<br />43,855,000
<br />Total Gross General Obligation Debt Principal Outstanding:
<br />93,215,000
<br />Less: Self -Supporting General Obligation Debt Principal
<br />Combination Tax and Revenue Certificates of Obligation, Series 2013 (TWDB) (100% WS)
<br />1,710,000
<br />General Obligation Bonds, Series 2013 (100% WS)
<br />27,065,000
<br />General Obligation Bonds, Series 2016 (100% WS)
<br />6,900,000
<br />General Obligation Bonds, Series 2018 (86% WS)
<br />900,000
<br />Tax and Revenue Certificates of Obligation, Series 2021
<br />43,855,000
<br />Total Self -Supporting General Obligation Debt Outstanding Following the Issuance of the Bonds:
<br />80,430,000
<br />Total Net General Obligation Debt Principal Outstanding Following the Issuance of the Bonds:
<br />$
<br />12,785.000
<br />General Obligation Interest and Sinking Fund Balance as of September 30, 2021
<br />$
<br />1,272,171
<br />Ratio of Gross General Obligation Debt Principal to 2020-21 Freeze Adjusted Net Taxable Assessed Valuation
<br />4.55%
<br />Ratio of Net General Obligation Debt Principal to 2020-21 Freeze Adjusted Net Taxable Assessed Valuation
<br />0.62%
<br />2020-21 Freeze Adjusted Net Taxable Assessed Valuation
<br />$
<br />2,049,030,824
<br />Population: 1980 - 25,498; 1990 - 24,699; 2000 - 25,898; 2010 - 25,171 Current (Estimate)
<br />24,476
<br />Per Capita 2020-2021 Freeze Adjusted Net Taxable Assessed Valuation
<br />$
<br />83,716
<br />Per Capita Gross General Obligation Debt Principal
<br />$
<br />3,808
<br />Per Capita Net General Obligation Debt Principal
<br />$
<br />522
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